1270 Fm 148Terrell, TX 75160

For Sale
$5,101,000

High-yield, 100% occupied shopping center

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully leased, 7,428 square foot shopping center in Terrell, Texas. Built in 2022, the property boasts three tenants: Texas Tiny Teeth Pediatric Dentistry & Orthodontics, Lotus Nail Bar, and Supercuts, all operating under long-term NNN leases with attractive rental increases. The center enjoys a prime location at 1270-1278 FM 148, situated as an outparcel to a major power center and surrounded by numerous national retailers and restaurants. Benefiting from a strong tenant mix and significant surrounding development, including a new convention center and hotel, and a large healthcare development site, this property offers investors a compelling combination of high occupancy (100%), strong cash flow (NOI of $313,687, 6.15% cap rate), and significant growth potential within a rapidly expanding market. The asking price is $5,101,000 ($694.45/sq ft). The 0.88-acre lot is zoned for commercial use. The property consists of one single-story building. This is a rare opportunity to acquire a high-performing asset in a thriving Texas market. The Dallas-Fort Worth metroplex, of which Terrell is a part, is experiencing substantial population growth, making this investment particularly attractive for long-term returns.

Highlights

  • Dallas-Fort Worth Metroplex location.
  • Texas, a state with no income tax.
  • Newly constructed in 2022.
  • Ten-year net leases provide long-term stability.
  • Tenant mix consists of essential services businesses.
  • Primary lease term includes 10% annual rent increases.

Property Details for 1270 Fm 148

Property type
Lifestyle centers, Power centers
Square Feet
7,428 SF
Year Built
2022
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF
Units
3

Location Insight

City
Terrell
County
Kaufman
State
Texas
Latitude
32.7191717
Longitude
-96.322655
1270 Fm 148, Terrell, Texas

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1270 Fm 148
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